Alrosa - 4Q17 IFRS Results as Expected, Conference Call Today
Headline revenues came to $1.042 bln, up 4% Q-o-Q on seasonal restocking in the jewelry sector ahead of the winter holidays. To recap, the product mix in 4Q17 was still poor, and the average realized price for gem-quality stones decreased to $139/ct from $169/ct in 3Q17. But, thanks to strong cost control, 4Q17 EBITDA was flat Q-o-Q at around $460 mln, with the margin sliding to just 44%, compared with 46% in 3Q17.AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.
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